|Bid||40.99 x 1000|
|Ask||41.00 x 1800|
|Day's Range||40.97 - 41.01|
|52 Week Range||34.50 - 41.56|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||24.40|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Moody's Investors Service ("Moody's") downgraded the ratings of TransMontaigne Partners LLC (TransMontaigne), including the Corporate Family Rating (CFR) to B1 from Ba3, the Probability of Default Rating (PDR) to B1-PD from Ba3-PD and the rating on its senior unsecured notes to B3 from B2. Moody's affirmed the company's SGL-3 Speculative Grade Liquidity Rating. The action, which follows the acquisition by an affiliate of ArcLight Energy Partners Fund VI, L.P. of TransMontaigne's publicly held common units not previously held by ArcLight Energy Partners Fund VI, L.P. (and subsequent conversion of TransMontaigne Partners L.P. into a Delaware limited liability company, TransMontaigne Partners LLC), concludes the rating review initiated in December 2018.
Moody's Investors Service ("Moody's") placed the ratings of TransMontaigne Partners L.P. (TransMontaigne) under review for downgrade, including the Ba3 Corporate Family Rating (CFR), Ba3-PD Probability of Default Rating (PDR) and B2 rating on its senior unsecured notes. Moody's affirmed the company's SGL-3 Speculative Grade Liquidity Rating. The action follows the company's announcement that an affiliate of ArcLight Energy Partners Fund VI, L.P. has reached an agreement to purchase all the publicly held outstanding common units of TransMontaigne.
The Zacks Analyst Blog Highlights: BP, Chevron, Royal Dutch Shell, Eni SpA and TransMontaigne Partners
Integrated energy biggies BP plc (BP) and Chevron (CVX) started up production at their Clair Ridge and Big Foot developments, respectively.
TransMontaigne's (TLP) units jump nearly 13% following the news of the partnership's merger with ArcLight's subsidiary, TLP Finance.
Transmontaigne Partners (TLP) saw a big move last session, as its shares jumped nearly 13% on the day, amid huge volumes.
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